Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 5
posted Dec 2, 2021 2:52:11 PM

Distributions from a Roth IRA and Form 8606

TurboTax provided the following information in an Article online:

 

TurboTax will automatically generate and fill out Form 8606 (Nondeductible IRAs) if you reported any of these on your tax return:

 

  1. Nondeductible contributions made to a traditional IRA
  2. Distributions from a traditional, SEP or SIMPLE IRA that had nondeductible contributions (excluding rollovers, conversions, recharacterizations, qualified charitable distributions, one-time distribution to fund an HSA, or return of certain contributions)
  3. Conversions from a traditional, SEP, or SIMPLE IRA to a Roth IRA
  4. Distributions from a Roth IRA (other than rollovers, recharacterizations, or a return of certain contributions)

 

My question is what Distributions from a Roth IRA will trigger Form 8606?

 

The reason for my question is:

 

  • I had a distribution from a Roth IRA (other than a rollover, a recharacterization, or a return of contributions) and I want to know if Form 8606 applies to me, and
  • I asked the very broad question "what distributions ..." instead of "Does Form 8606 apply to me under the following circumstances because I believe learning things serendipitously is one of God's gifts to human beings.

Thank you very much for any assistance I may receive.

 

Sincerely,

 

JWKinCVA

 

 

 

 

0 4 922
1 Best answer
Level 15
Dec 3, 2021 8:51:49 AM

Did you review Form 8606?

If you took money out of your Roth before age 59 1/2, you have to file Form 8606.

4 Replies
Level 15
Dec 3, 2021 8:51:49 AM

Did you review Form 8606?

If you took money out of your Roth before age 59 1/2, you have to file Form 8606.

Level 15
Dec 3, 2021 12:10:14 PM

if you're that inquisitive then go to the IRS website and read the form's instructions.

Level 5
Feb 1, 2022 3:01:12 PM

 

@fanfare 

 

Thank you very much!

 

JWK in CVA

Level 5
Feb 1, 2022 3:02:21 PM

 

@Mike9241 

 

Thanks, scoop, I mean, Champ.